M&A Deal Summary

Ciphr Acquires Avantus Employee Benefits

On November 19, 2024, Ciphr acquired information technology company Avantus Employee Benefits

Acquisition Highlights
  • This is Ciphr’s 1st transaction in the Information Technology sector.
  • This is Ciphr’s 4th transaction in the United Kingdom.

M&A Deal Summary
Date 2024-11-19
Target Avantus Employee Benefits
Sector Information Technology
Buyer(s) Ciphr
Deal Type Add-on Acquisition

Target

Avantus Employee Benefits

Guildford, United Kingdom
Avantus Employee Benefits serves over 400 businesses globally through its intuitive, and fully customisable, employee benefits and rewards platform, FlexGenius, and its popular, white-labelled solution MyWorkPal. Avantus offers its solutions both direct to market and via a white-labelled proposition, with customers appreciating the ability to configure and adapt the products to their requirements. Avantus Employee Benefits was founded in 2005 and is based in Guildford, England.

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Buyer(S) 1

Buyer

Ciphr

Reading, United Kingdom
Category Company
Founded 1982
Sector Internet Software and Services
Revenue 6M GBP (2015)
DESCRIPTION

Ciphr is a specialist provider of Software-as-a-Service (SaaS) HR, payroll, recruitment, and learning software that connects businesses with their employees via an online platform, CIPHR Connect. Ciphr was founded in 1982 and is based in Reading, United Kingdom.

DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 4 of 4
Country (United Kingdom) 4 of 4
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-03 Shape Payroll

Southampton, United Kingdom

Shape Payroll is a cloud-based payroll platform that provides HMRC-compliant payroll software for UK businesses. This API-first platform integrates with HR systems to provide the ultimate automated payroll software solution. Shape Payroll is based in Southampton, United Kingdom.

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